CARDO ACQUIRES MANUFACTURER OF MEASURING INSTRUMENTS FOR PULP AND PAPER INDUSTRY Cardo has acquired the Finnish company Kajaani Process Measurements Oy, which is one of Finland's leading manufacturers of sophisticated measuring instruments for the pulp and paper industry. The information is not deemed to be stock price sensitive information. Kajaani Process Measurements Oy (KPM) has approximately ten employees and sales of approximately SEK 20 million. KPM, which was founded in 2001, runs an operation in Kajaani in northern Finland. The company develops, manufactures and sells sophisticated measuring instruments for pulp and paper. Through the acquisition, Cardo's division Pulp & Paper Solutions is strengthening its position in this field. The acquisition will be realized at an enterprise value of approximately SEK 36 million. The acquisition is expected to have a marginally positive effect on Cardo's earnings during 2008. “Lorentzen & Wettre, within Pulp & Paper Solutions, is the leader in measuring instruments for the global pulp and paper industry. By acquiring KPM, we are further strengthening this position and adding products and new skills within the segment for on-line measurement of pulp,” says Peter Aru, Cardo's President and CEO. Malmö, Sweden, July 21 2008 Cardo AB (publ) For further information, please contact: Peter Aru, President and CEO, tel. +46 40 35 04 53 Ulf Liljedahl, CFO, tel + 46 40 35 04 42 Maria Bergving, SVP Communications & Investor Relations, tel. +46 40 35 04 25, +46 70 602 61 81, maria.bergving@cardo.com Cardo is an international group with leading brands, offering solutions with quality products, a high level of service and great applications know-how to industrial customers. Operations are pursued in the Group's divisions: Door & Logistics Solutions, Wastewater Technology Solutions, Pulp & Paper Solutions and Residential Garage Doors, which all enjoy strong positions in their respective markets. The Group has approximately 6,000 employees in more than 30 countries and sales of approximately SEK 9.5 billion. Corporate headquarters are located in Malmö, Sweden.
CARDO ACQUIRES MANUFACTURER OF MEASURING INSTRUMENTS FOR PULP AND PAPER INDUSTRY
| Source: Cardo AB